r/bitcoin recap – February 2017

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Hi again everyone!

You gave me fantastic feedback on the first monthly recap last month, so of course I made another one for February.

For those unfamiliair, each day (usually around the same time), I pick out the most popular/relevant/interesting stories in r/bitcoin and save them, after which I release them in one batch after the month ends. This gives you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

This month I’m making 2 changes:

  1. I’m removing links in the Reddit post, to prevent it from getting auto-moderated like last month. I will link to all the respective reddit posts (so you can see discussion too) on the web version instead. version with links
  2. As #1 gave away, I launched a website to permanently store these things. Unfortunately it is not live yet, as my hosting provider is taking forever to deal with the DNS nameservers. As you can imagine, I’m currently best friends with their customer support, as I really wanted to have the site up before posting today. To deal with this for now, I made a post on my personal site instead until I get the new site up and running. I hope people aren’t too fussed about that.

Anyways let’s get to the recap. Let me know if you think I missed something!

A recap of February 2017 in r/bitcoin

  • 01: 80% of all bitcoins will be mined within a year & the January 2017 r/bitcoin recap & Overstock CEO Patrick Byrne on Fox Business Channel with a Bitcoin hat & Internet Archive receives a $3000 bitcoin donation (what a start!)
  • 02: Iran ditches the USD & Bitcoin back over $1K 🚀
  • 03: Someone creates a Virtual Reality Block Explorer
  • 04: The BTC.TOP mining pool threatens to kill the original Bitcoin using $100M after BU hardforks
  • 05: A reminder of the good old days of bitcoin & Bitcoin mentioned yelled in Superbowl commercial
  • 06: As Bitcoin ETFs are nearing, analysts warn of a trading frenzy
  • 07: The Philippines regulates Bitcoin exchanges as remittance companies & Getting pepper-sprayed with a Bitcoin hat on warrants an AMA
  • 08: Countdown: Bitcoin will be a Legal regulated method of payment in Japan in two months & PBoC sneezes and bitcoin drops $50
  • 09: OKCoin and Huobi caught a cold from PBoC and now have to suspend BTC and LTC withdrawals for ~1 month to upgrade their system to prevent money laundering
  • 10: Memes about transaction fees & Some excitement about low energy full Bitcoin nodes
  • 11: Discussion on whether we can get to 95% consensus on anything
  • 12: A Bitcoiner is getting married funded by bitcoin, he might segregate the witnesses
  • 13: The new Chief Economist in the US government is very excited about Bitcoin
  • 14: finanzen.net, a major German finance website, lists Bitcoin as one of the most important exchange rates & PBoC is aware they can’t kill Bitcoin and want to regulate it instead & Tor was integrated into OpenBazaar
  • 15: Mathematicians fixed some of Satoshi’s math & Bitcoin deflation meme
  • 16: With Chinese exchanges on hold, prices are unsurprisingly higher in the rest of the world
  • 17: There are over 1000 Bitcoin ATM’s worldwide
  • 18: The story of a localbitcoins trader who got robbed
  • 19: Bitcoin Core 0.14.0 release candidate 1 available
  • 20: Bitcoin above $1000 for the longest time ever and also back over €1000 🚀
  • 21: Hodlers emotionally bond over a classic Bitcoin meme
  • 22: Washington state bill to ban Bitcoin for pot fails, as proposing senator withdraws support after being educated on Bitcoin & Appreciation for the core developers for taking the time to respond to people despite personal attacks
  • 23: Everyone who bought Bitcoin and held it made money as Bitcoin reaches a new all-time high 🚀🚀 & SHA1, an old cryptographic hash function, is definitely no longer secure as people at Google claim its collision bounty
  • 24: Tim Draper’s $19M BTC investment from the Silk Road auction is now worth $35M
  • 25: How Bitcoiners spend money meme
  • 26: viaBTC tells people to unsubscribe from r/bitcoin and confuses its moderators with Blockstream employees & Gregory Maxwell is permanently banned from Reddit (later unbanned)
  • 27: A technical scalability debate between non-technical people & New all-time highs on Localbitcoins partially due to heavy demand in China
  • 28: Someone used bitcoin to buy gold, but never bought anything with gold & A fancy looking Bitcoin ATM in Amsterdam

Thank you to everyone who is contributing to this exciting space!

Personal note:

I’ve seen more constructive discussions over the past month than in January, let’s keep that up. We should avoid sinking to the level of insults and focus on continuously correcting misinformation. You will never convince people that your approach is favourable by insulting them, but you might if you show them that not everyone on the “other side” is malicious, as they’re made out to be. Our perception of how Bitcoin should develop is simply different. Let’s create understanding, not a rift.

Now let's March!

submitted by /u/SamWouters
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247 Bitcoin

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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